SK Ecoplant aims to cut CO2 emissions from fuel cell power generation

South Korea's SK Ecoplant Co. on Monday said it is conducting a project to recycle a small amount of carbon generated when a fuel cell produces elec...

POSCO Future M to inject $461 mn to bulk up cathode production

POSCO Future M Co., a unit of South Korean steel giant POSCO Holdings Inc., said on Monday it has decided to invest 614.8 billion won ($460.5 millio...

Russian fresh pollock imported for first time at Donghae Port

As Korean cod, which had been considered everyone's fish, has virtually disappeared, Russian fresh  pollock has finally become available to Kor...

Samsung Heavy forms int'l consortium to make nuclear plants at sea

South Korea's Samsung Heavy Industries (SHI) and Korea Hydro & Nuclear Power (KHNP) and Denmark's Seaborg Technologies on Friday announced their...

Hankook Tire to cut workforce at fire-hit Daejeon plant

Hankook Tire & Technology Co., South Korea’s largest tire maker, will cut its workforce at the fire-hit production complex in Daejeon thro...

POSCO Future M to issue $226 mn Korean green bonds

South Korea's battery component maker POSCO Future M Co. (formerly POSCO Chemical) announced on Friday that it will issue 300 billion won ($226 mill...

Hyundai Motor to develop lunar exploration mobility Rover

Hyundai Motor Group is developing the lunar exploration mobility vehicle Rover in expanding its mobility scope to space as well as land, sea and air...

HD Hyundai develops S.Korea's first offshore supply base for ammonia

HD Hyundai Co., the largest shipbuilding conglomerate in South Korea on Wednesday said it developed for the first time in the country a vessel for s...

Hyundai Motor seeks remedies after GV70 exclusion from US subsidies

Hyundai Motor Co. is seeking various ways to make its electric vehicles sold in the US qualify for tax credits after its Electrified GV70 was denied...

S.Korea's Celltrion Healthcare launches Vegzelma in US

South Korea's Celltrion Healthcare Co. on Monday said it launched on the US market Vegzelma, a biosimilar of Bevacizumab, a medication for colorecta...

Hyundai Motor, Kia aim to expand in China through Shanghai Auto Show

Hyundai Motor Co. and Kia Corp., both struggling in China, are aiming for a turnaround there by introducing over 30 new vehicles including those tai...

SK Siltron gets 20% of electricity from renewable energy

South Korea’s SK Siltron on Sunday said it procured 19.5% of the electricity it used last year from renewable energy. “In 2020, we were...

S.Korea’s Musinsa sees sales grow 54% in 2022 to $537 mn

South Korea’s online fashion platform Musinsa saw sales last year surge over 50% to break the 700 billion won ($537.7 million) mark, though op...

Luxury fashion platform Balaan faces thinning coffers amid mounting loss

Concerns are growing about the financial health of South Korean luxury fashion e-commerce platform operator Balaan Co. after its net loss doubled on...

S.Korean state-run railroad companies meet Czech Minister of Transport

South Korea's state-run railway companies Korea Railroad (KORAIL) and Korea National Railway (KR) announced on Thursday that they had met with repre...

Korea must nurture chip materials, parts, facilities: Jusung

South Korea needs to nurture its materials, parts and facilities industries to keep competitiveness in the semiconductor sector, said the chief exec...

S.Korea's airlines boosting staff amid recovering demand for overseas travel

South Korea's airlines are opening their hiring doors wide open with the resumption of international flights amid demand for overseas travel recover...

Famed S.Korean pedometer app Cashwalk attracts first investment of $22 million

Nudge Healthcare, a startup that runs the South Korean health management app Cashwork, on Wednesday said it secured its first investment of 30 billi...

Hopeful signs for full comeback of Korean resort operator Paradise

Paradise Co., a major South Korean resort and casino operator, is taking big steps towards a full comeback this year from the pandemic shock, with a...

Samsung Electronics launches latest stick vacuum cleaner via catwalk

Samsung Electronics Co. on Tuesday said it launched the unique publicity campaign "Jet Walk" stressing "an uber-powerful cleaning show the world has...

S.Korean corporate investment in Vietnam plunges 70% in first quarter

South Korean corporate investment in Vietnam, which has led the economic development of the Southeast Asian nation, has plunged this year due to fac...

S.Korean low-cost carriers keep expanding routes to SE Asia

South Korean low-cost airlines have started expanding their flight routes. It is based on the expectation that there will be a significant incre...

SK Energy opens S.Korea's first hydrogen charging station for large trucks

SK Energy is the first company in South Korea to launch a station for charging large hydrogen-powered trucks. The company on Sunday said it held a c...

LG Electronics eyes solid Q2 results after Q1 earnings surprise

LG Electronics Inc. is expected to report solid earnings for the second quarter after its first-quarter operating profit beat market expectations an...

HD Hyundai Elec commercializes DC distribution facilities for 1 MW bldgs

HD Hyundai Electric Co., the electrical power equipment and energy solution affiliate of South Korean conglomerate HD Hyundai Co. Group, on Friday s...

S.Korea to allow actual construction of hydrogen-powered ship

South Korea's the Ministry of Oceans and Fisheries announced on Wednesday that it has established "tentative standards for ship hydrogen fuel cell e...

S.Korea to support nuclear power SMEs

South Korea's the ministry of SMEs and Startups will invest 675 billion won ($513 million) by 2027 to revive small- and middle-sized nuclear power c...

Hyundai’s Chung urges US operations to double down after record Q1

Hyundai Motor Group Chairman Chung Euisun on Tuesday urged its US operations to work harder after its two automaking units, Hyundai Motor Co. and Ki...

Daewoo Shipbuilding, GE Power Conversion to develop smart ship tech

South Korea's Daewoo Shipbuilding & Marine Engineering Co. (DSME) on Tuesday said it signed a memorandum of understanding with the global energy...

Korean kitchen automation startups' US advance gains traction

South Korean kitchen automation system developers are eyeing the US as their next key market as demand for automated restaurant operating systems in...